Global Back Office Outsourcing Market in the Financial Services Sector 2016-2020

About the Back Office Outsourcing Market in the Financial Services Sector

Outsourcing refers to the transfer of business functions or services to a third-party service provider on a contractual basis. Companies primarily outsource to reduce costs and reap potential benefits such as gaining access to skilled expertise, flexible staffing, reduce turnaround time, improve efficiency, and generate more profits.
Outsourcing is often divided into two broad categories, back office outsourcing, and front office outsourcing. Front office outsourcing often deals with customer-related services such as marketing. Back office functions comprise those tasks that help in keeping a business running smoothly and efficiently. They, however, do not make up the core of the company business.

Technavio’s analysts forecast the Global Back Office Outsourcing Market in the Financial Services Sector to grow at a CAGR of 7.46% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the Global Back Office Outsourcing Market in the Financial Services Sector for 2016-2020.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Back Office Outsourcing Market in the Financial Services Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Accenture
• IBM
• Infosys
• TCS

Other prominent vendors
• Aegis
• Attra Infotech
• Birlasoft
• Capgemini
• CGI
• Cognizant
• CSC
• Dell
• eClerx
• Endava
• EPAM
• EXL
• HCL
• Hexaware
• HP
• iGate
• Infosys
• ITC Infotech
• L&T Infotech
• Luxoft
• Mindtree
• Mphasis
• NIIT Technologies
• Polaris Consulting and Services
• Serco Global Services
• Softtek
• Sutherland Global Services
• Syntel
• Tech Mahindra
• Unisys
• Virtusa
• Viteos Fund Services
• Wipro
• WNS
• Xchanging
• Xerox
• Zensar

Market driver
• Greater efficiency and productivity
• For a full, detailed list, view our report

Market challenge
• High level of attrition and employee turnover
• For a full, detailed list, view our report

Market trend
• Increased adoption of digital and mobile solutions
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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